BlackRock Inc. reduced its stake in Darling Ingredients Inc. (NYSE:DAR) by 6.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,035,777 shares of the company’s stock after selling 1,357,562 shares during the quarter. BlackRock Inc. owned about 0.12% of Darling Ingredients worth $1,440,574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in DAR. Nicholas Investment Partners LP purchased a new position in shares of Darling Ingredients during the second quarter worth approximately $1,228,000. Principal Financial Group Inc. raised its stake in shares of Darling Ingredients by 9.5% during the second quarter. Principal Financial Group Inc. now owns 1,445,577 shares of the company’s stock worth $97,576,000 after acquiring an additional 125,164 shares in the last quarter. Schonfeld Strategic Advisors LLC raised its stake in shares of Darling Ingredients by 25.4% during the second quarter. Schonfeld Strategic Advisors LLC now owns 483,400 shares of the company’s stock worth $32,630,000 after acquiring an additional 97,761 shares in the last quarter. Stonebridge Capital Advisors LLC purchased a new position in shares of Darling Ingredients during the second quarter worth approximately $3,787,000. Finally, Fulcrum Asset Management LLP purchased a new position in shares of Darling Ingredients during the third quarter worth approximately $2,980,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts recently commented on DAR shares. Robert W. Baird reaffirmed a “buy” rating and issued a $109.00 target price on shares of Darling Ingredients in a research note on Thursday, December 30th. Stephens lifted their target price on shares of Darling Ingredients from $86.00 to $91.00 and gave the stock an “overweight” rating in a research note on Thursday, November 11th. Zacks Investment Research downgraded shares of Darling Ingredients from a “hold” rating to a “sell” rating in a research note on Tuesday. Credit Suisse Group reaffirmed a “buy” rating and issued a $100.00 target price on shares of Darling Ingredients in a research note on Thursday, December 30th. Finally, UBS Group raised shares of Darling Ingredients from a “market perform” rating to an “outperform” rating in a research note on Friday, December 17th. One equities research analyst has rated the stock with a sell rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Darling Ingredients presently has a consensus rating of “Buy” and a consensus target price of $96.20.
Darling Ingredients (NYSE:DAR) last announced its earnings results on Tuesday, November 9th. The company reported $0.88 EPS for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.05. Darling Ingredients had a net margin of 12.13% and a return on equity of 18.35%. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the previous year, the business posted $0.61 EPS. The company’s quarterly revenue was up 41.1% on a year-over-year basis. On average, sell-side analysts forecast that Darling Ingredients Inc. will post 4.07 earnings per share for the current fiscal year.
Darling Ingredients Company Profile
Darling Ingredients, Inc engages in the development and production of natural ingredients from edible and inedible bio-nutrients. It operates through the following segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. The Feed Ingredients segment includes ingredients business such as fats and proteins used cooking oil, trap grease and food residuals collection, the Rothsay ingredients, and the ingredients and specialty products.
Featured Article: Should You Consider an Index Fund?
Want to see what other hedge funds are holding DAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Darling Ingredients Inc. (NYSE:DAR).
Receive News & Ratings for Darling Ingredients Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Darling Ingredients and related companies with MarketBeat.com's FREE daily email newsletter.